TORONTO — Five things to watch for in the Canadian business world in the coming week:
Spectrum auction begins:
Innovation, Science and Industry Canada will host an auction of 3,500 MHz spectrum licences for use in 5G wireless networks on Tuesday. Shaw Communications Inc. will not participate due to its planned acquisition by Rogers Communications. Independent internet provider TekSavvy Solutions also said it would opt out due to a recent CRTC decision on wholesale internet rates.
May real estate numbers:
The Canadian Real Estate Association is expected to release national home sales figures for May on Tuesday. The association previously reported that the furious pace of home sales that kicked off the year began to slow in April as the number of homes sold that month fell by 12.5 per cent compared with the all-time record high set in March.
CBSA strike votes begin:
Canadian Border Service Agency worker strike votes begin on Wednesday. The workers have been without a contract for nearly three years and are seeking better protections for staff that the Public Service Alliance of Canada union argues would bring them in line with other law enforcement personnel across Canada.
DavidsTea holds its annual meeting of shareholders on Thursday. The insolvent beverage company said on June 11 that creditors had approved its plan of arrangement to distribute about $18 million to them in Canada and the U.S.
Mark Carney will speak at an event hosted by the Montreal Council on Foreign Relations about international finance as a key to fighting climate change on Friday. The former Bank of Canada governor told Davos World Economic Forum attendees in January that politicians can help markets finance the transition to zero-emission economies by setting credible forward commitments.
This report by The Canadian Press was first published June 13, 2021.
The Canadian Press